5 worst ASX All Ordinaries shares in June

Negative sentiment towards these five ASX shares resulted in big price declines in June. Here’s why.

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The S&P/ASX All Ordinaries Index (ASX: XAO) slipped 9.6% over the month of June.

Negative sentiment about the economic outlook was a key factor weighing down the index.

Here are the five worst-performing ASX shares of the month, according to Capital IQ figures.

What worried ASX investors in June?

People are starting to notice an increase in the prices of groceries and other day-to-day essentials, particularly electricity, that they simply can’t avoid.

Inflation is no longer something people read or hear about in the news, it’s actually in their face and affecting their weekly budgets.

On top of that, home loan interest bills have increased by 0.75% after the Reserve Bank of Australia increased the official cash rate by 0.25% in May and 0.5% in June.

On a $1 million home loan, that’s an extra $7,500 in interest payments per year or $625 per month.

So, investors are likely worried about how the companies they are invested in might be affected by these things. Some might also be wondering if they want to have their spare cash invested at the moment.

Why these ASX shares tanked

These ASX shares had a rockier month than most.

The companies released the following news to the ASX in June:

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BWX Limited and Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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